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“We’re talking about nine-figure amounts”: how Mark Zuckerberg will pay for the Cambridge Analytica scandal KXan 36 Daily News

Date: May 30, 2024 Time: 21:42:31

The incident involving the illegal transfer of sensitive data occurred in 2018. The class action lawsuit filed over the incident includes a $725 million payment to the victims, which is the largest amount paid by any company for class action settlements. Settlement of a claim by payment of compensation requires the approval of a federal judge.

“We are seeking an agreement because it is in the best interest of our community and shareholders,” Meta* Inc said in a statement cited by Bloomberg.

This isn’t the first time Meta* has been forced to pay the price for the misuse of sensitive user data: Last month, the company paid $90 million in a case of illegal tracking of user activity.

*Meta is recognized as an extremist organization in Russia and banned

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.
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